Joseph W. Brady on Supply Chain of Goods and Economic News

June 1, 2021
June 1, 2021 chad

How and where do we find “really good news” to report, on the economic front? Learn how the supply-chain problem affects us all.

Supply Chain Problem

Supply-chain problems are when parts and supplies are unable to be obtained expediently. Electrical parts are not being shipped to the United States. Shipping products out of China was severely crippled by the COVID-19 outbreak and the worldwide pandemic that ensued.

How did the supply-chain problem lead to an increase in warranty claims? Because workers were furloughed, then returned less skilled! The supply-chain problem contributes to inflation’s vicious cycle of higher labor wage demands, higher costs for everything from food, clothing, household supplies, utilities, travel, and entertainment.

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